Investors and all-cash home buyers accounted for about 19% and 30%, respectively, of all sales in March, according to the National Association of Realtors. That represents a significant share of the market, and some analysts are concerned that as home prices rise, investor and all-cash demand will start to shrink.
As a real estate investor, I’m all about finding the “good deal.” However, for the amount of times the phrase “good deal” is thrown around in real estate investing discussions – many people fail to understand just what constitutes a good deal and end up making mistakes that turn a good deal into a bad deal.
The CEO of Saudi Real Estate Co. (SRECO) told Bloomberg recently his firm is intent on building a housing development in Riyadh estimated to be worth $1.3 billion. According to reports from news outlets and the company, Saudi Real Estate is refocusing on middle-income buyers who can leverage a home shortage there.
With many world real estate markets stagnant or worse, news that Ernst & Young has a report out showing Russia property being more attractive for investors than Europe proper, this is fascinating and disturbing news all at once. Outdistancing the stigma of a cold and mysterious place on Earth, Russia’s potential may finally be shining through.
Two stories about Maine real estate peaked my curiosity today. The first, a bit about Maine real estate tanking by some 21 percent year on year, this one brought to memory the wonderful natural surroundings there. Then news of a luxury sale of Keeper’s House Inn on Isle Au Haut off the coast, made me look closer at seashore bargains along Maine’s wonderful rocky shores. Let me show you a bit of Maine, watch the video below from the Maine Tourism Office before checking out the properties below.